USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 152.564 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 153.634 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Last Engulfing Top’ chart pattern is detected. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

153.634 – 153.664 – 153.755 – 152.564 – 152.591 – 152.638 —
153.44700 – 153.56800 —
58.769833005741 – 60.423533428675 —
– —
153.634 – 1771245000

Trading Signals: FOREX – USD – USD/JPY – JPY – Last Engulfing Top – Symmetrical Triangle Chart Pattern – – – – – – – –